A petrol station in Beirut. Lebanon's import costs rose in the second quarter of 2021 as the country's currency continued to weaken on the parallel market. EPA
A petrol station in Beirut. Lebanon's import costs rose in the second quarter of 2021 as the country's currency continued to weaken on the parallel market. EPA

Business

Lebanon’s private sector economy shrinks as cash availability dwindles

Companies remain ‘extremely pessimistic’ as economic instability continues and currency weakens

Fareed Rahman
Fareed Rahman

July 05, 2021